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Short Takes: GSE Pilot Hearing Postponed / An Opportunity to Gather Intelligence? / Freddie's Qualification Tool for Self-Employed Borrowers / GSE Duty-to-Serve Updates / New Hires for ComplianceEase, Element Funding

October 14, 2018
Carisa Chappell and Paul Muolo
The Senate Banking Committee's review of GSE pilot programs will have to wait...
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Mortgage-Hungry Insurance Conglomerate Hits the Pause Button on M&A as Grand Jury Convenes

October 12, 2018
Paul Muolo
Eli Global’s mini-mortgage empire includes lender/servicer Castle & Cooke, wholesaler Western Bancorp, Prime Mortgage and a warehouse lending division called CapLoc…
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Wells Fargo Reports a Decline in Home Lending for 3Q18. A Small Gain at JPM

October 12, 2018
Paul Muolo
JPM and Wells do not use loan brokers, avoiding the wholesale channel. Both have large warehouse lending programs and acquire mortgages from the nonbanks they also finance.
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What We’re Hearing: A Cyclical Business / What Will Treasury’s Craig Phillips Say about the GSEs? / Advice From loanDepot’s Anthony Hsieh / Unsolicited Resumes from Production Employees / Jim Malloy Departs Impac Mortgage After 15 Years / PennyMac’s First

October 12, 2018
Paul Muolo
Anthony Hsieh's advice for the mortgage industry: Start selling...
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Mortgage Rates Near 5 Percent. Analyst Habib Says Keep an Eye on the 10-Year Treasury

October 11, 2018
Paul Muolo
Habib told IMFnews that if yield on the benchmark breaks 3.25 percent it could quickly shoot up to 3.63 percent…
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Short Takes: Why Stocks Need to Come Down / Unwinding the Massive Tax Cuts / President Hickenlooper? / Capital Alpha Weighs In / Behind the Scenes at Wells Fargo / New Hires for DIMONT

October 11, 2018
Brandon Ivey and Paul Muolo
The massive tax cuts the president and GOP bestowed on the nation late last year have spurred economic progress. It’s hard to argue with that, but...
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Short Takes: Michael Bright, the Next FHFA Director? / Waiting on Senate Confirmation (Still) / A Former GSE Exec and The Play Set Scandal / Sears and Fairholme / HSBC Settles with DOJ / A New Hire at CMG Financial

October 10, 2018
Brandon Ivey and Paul Muolo
HSBC will pay $765 million to settle charges brought by the Department of Justice...
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The M&A Roundup: Lots of Chatter, Not a Lot Getting Done (Yet)

October 9, 2018
Paul Muolo
Meanwhile, the largest potential deals looming over the market continue to be Ditech Financial and loanDepot…
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Mortgage Analysts Look Into Their Crystal Balls and Don’t Like What They See

October 9, 2018
Paul Muolo
Analyst Henry Coffey: “It is worth noting, given expected home price appreciation, that a flat mortgage market should translate into a 4 percent or greater decline in actual mortgage unit count.”
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Short Takes: Castle & Cooke? / The Fannie Mae Connection / Frater, a Good Choice to Head Fannie / LendingHome Surpasses the $3B Mark in FnF Production / NDA Hires Clayton Executive

October 9, 2018
Paul Muolo
Fix-and-flip lender LendingHome, San Francisco, has surpassed the $3 billion market in originations...
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